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Department of Interior Draws Over $159 Million in Bids for Gulf of Mexico Acreage
August 26, 2019
The US Department of the Interior (DOI) has drawn more than $159 million in high bids for the region-wide Gulf of Mexico Lease Sale in federal waters. The lease sale 253 has received bids for 151 tracts covering 835,006 acres
New Dawn Energy and Mineral Resources Enter JV Exploration Agreement, Louisiana
August 26, 2019
Privately owned oil and gas exploration, and mineral companies New Dawn Energy, LLC and Mineral Resources Partners, LLC (“MRP”) today announced an agreement to jointly explore and develop certain assets contributed by each company in south Louisiana, targeting unconventional and
U.S. Shale Boom Accounted for 10% of US GDP Growth
August 26, 2019
The maturing application of horizontal drilling and hydraulic fracturing in the US, and the resulting spike in crude oil production, increased US gross domestic product (GDP) by roughly 1 percent during 2010–2015, according to a study published by the Federal
Vistra Energy to Acquire Ambit Energy for $475 Million
August 23, 2019
Vistra Energy has entered into an agreement to acquire Ambit Energy for $475 million plus net working capital in an all-cash transaction. “Ambit is a very attractive standalone retail company and a great match for Vistra’s retail business, given its
Elevate Midstream Enters Eight-Year Gas Gathering and Treating Agreement with Sabine Oil
August 23, 2019
Elevate Midstream Partners has entered into an eight-year gas gathering and treating agreement with Sabine Oil and Gas Corporation, a major Haynesville producer in Harrison and Panola Counties, Texas. The transaction was completed in partnership with Elevate’s financial sponsor, Tailwater
Whiting Petroleum Completes Organizational Redesign and Cost Reduction Strategy
August 23, 2019
Whiting Petroleum Corporation conducted a comprehensive assessment of its organization, operations, and cost structure and is implementing an organizational redesign and cost reduction strategy to better align Whiting’s business with the current operating environment and drive long term value. The
Baker Hughes Granted Notice to Proceed to Build Calcasieu Pass Project
August 23, 2019
Baker Hughes, a GE company, has been awarded a contract and granted notice to proceed on the construction of its comprehensive LNG technology solution for Venture Global LNG’s Calcasieu Pass project. The final notice to proceed (FNTP) follows Venture Global’s
ONEOK to Expand Natural Gas and NGL Infrastructure
August 23, 2019
ONEOK, Inc. will expand expand its natural gas and natural gas liquids (NGL) infrastructure between now and 2021, including: • A 200 million cubic feet per day (MMcf/d) expansion of the Bear Creek natural gas processing facility and related infrastructure
Crusoe Energy’s Flare-powered Data Centers Expanding in U.S. Shale
August 22, 2019
Crusoe Energy Systems Inc., a technology-driven flare mitigation provider, is now operating five Digital Flare Mitigation systems in North Dakota, Wyoming and Colorado, and has agreed to provide up to ten additional systems for deployments in Montana, Wyoming and North
EPA Seeks to Limit States Leveraging Clean Water Act to Block Pipelines
August 22, 2019
After years of fighting pipeline projects, New England was hit with an energy crunch during the 2018 polar vortex, driving up prices and forcing the region to import liquefied natural gas from Russia, even though the U.S. is awash in
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